Procurement
For a large number of organizations, RM procurement cost is a major factor in their
entire operating cost. For some organizations, procuring the required material at
the right cost is a key to competitive advantage. For some others, ensuring the
quality of procured materials is the strategic need. For yet another set of organizations,
even ensuring continuous supply of raw materials is a challenge.
We understand these varying procurement needs of our clients and offer specific
solutions to gear them towards achieving procurement excellence. This is done through
a detailed framework covering the policies, processes and support systems in the
procurement function. Our approach focuses on procurement activities ranging from
detailed Material Requirements Planning to RM Requirements Consolidation, Strategic
Sourcing, and Order and Call-off Management. We also help clients establish varying
procurement policies and processes for different material classes through a Strategic
Materials Management Framework. This framework also helps us integrate Procurement
with Inventory Management function to ensure on-time in-full availability of raw
materials for operations.
Our approach to Procurement also focuses on integrating processes with suppliers.
This is done after proper selection of suppliers via an exhaustive Contracting Lifecycle
Approach which ensures that robust frameworks are created for our clients that facilitate
cost effective sourcing and best in class suppliers.
This is done in conjunction with joint formulation and deployment of procurement
policies and processes. We help organizations take a comprehensive supplier management
approach through our Vendor Lifecycle Management framework.